タイトル(掲載誌)Discussion Papers In Economics And Business
一般注記This paper investigates which of the two countries —resource-rich or resourcepoor—gains from capital market integration and capital tax competition. We developa framework involving vertical linkages via resource-based inputs as well asinternational fiscal linkages between resource-rich and resource-poor countries. Ouranalysis shows that capital market integration causes capital flows from resourcepoorcountries to resource-rich countries and thus improves production efficiencyand global welfare. However, such gains accrue only to resource-poor countries,and capital mobility might even hurt resource-rich countries. In response to capitalflows, the governments of both resource-rich and resource-poor countries have anincentive to tax capital. Such taxations would enable resource-rich countries to exploittheir efficiency gains through capital market integration and become winnersin the tax game.
連携機関・データベース国立情報学研究所 : 学術機関リポジトリデータベース(IRDB)(機関リポジトリ)